Managing Climate-related Business Risks Through a
A people-centred approach to climate action reduces resistance to sustainability measures implemented by businesses to facilitate the transition to net zero.
Companies that fail to adapt and address climate-related risks may face regulatory challenges, reputational damage, and financial losses. If people do not clearly see the benefits of climate mitigation and adaptation activities, businesses may receive waves of resistance to these measures, threatening to delay action on achieving environmental targets.
By proactively engaging in a just transition, businesses can manage these risks effectively, positioning themselves as leaders in sustainable practices and minimising potential disruptions to their operations and supply chains.
These measures will align companies in the direction of emerging legislation, build reputation and brand protection, promote financial stability and investor confidence, and ensure that people continue to support climate action.
This new webinar series from the UN Global Compact Network UK will explore how a just transition supports businesses from all sectors to reduce risks by future-proofing their operations, enhancing efficiency, and building more sustainable supply chains. It will showcase best practice from businesses who have successfully used this approach to drive growth, access new market opportunities, and enhance their social license to operate.
Risk Management Through Due Diligence
26 March, 14:00-15:30
This session will convene business case studies, legal experts, and civil society representatives to demonstrate the business benefits of managing risks through due diligence. These include regulatory compliance, increased appeal to investors and consumers, and more resilient supply chains through ongoing stakeholder engagement.
16 April, 14:00-15:30
This webinar will bring together business leaders from a variety of sectors to present leading practice approaches to stakeholder engagement, including Free, Prior, and Informed Consent. It will also provide guidance on delivering remedy where stakeholders have been identified as suffering harms as the result of business operation
Inclusive Development Models
14 May, 14:00-15:30
This session will present an emerging emphasis on community benefits sharing and co-ownership by governments, investors, and stakeholders within the supply chain. It will explore how businesses can best respond to this and plan for the long-term by focussing on rebalancing inequalities for societal and economic change.
4 June, 14:00-15:30
Engaging and retaining a talented and motivated workforce is crucial for businesses seeking success. Companies must therefore plan for employee retention, upskilling, and green job creation where needed to ensure they can continue operating with minimal risk to people and the local economy.
26 June, 14:00-15:30 (hybrid event)
This in-person session will bring together stakeholders involved in supporting the just transition, including government representatives, the investor community, civil society, and business leaders from a variety of sectors. The discussion will include items such as overcoming social barriers to decarbonisation, using the corporate sphere of influence to advocate for government and financial support options for those most impacted by the transition, and challenging misinformation that threatens net zero action.
- Climate Action and Human Rights: How the UN Guiding Principles can help companies respect human rights when responding to climate change (Shift)
- Guidelines for a Just Transition Towards Environmentally Sustainable Economies and Societies for All (ILO)
- Indigenous Peoples and a Just Transition for All (ILO)
- Just Transition in Supply Chains: A Business Brief (UN Global Compact)
- Just Transition Assessment (World Benchmarking Alliance)
For any questions about the Managing Climate-related Business Risks through a Just Transition webinar series, please contact or Cora Edwards, Senior Project Manager (Social Sustainability) or Robert Mitton, Senior Project Manager (Environment).